Clo

By Adam Tempkin NEW YORK, Aug 14 (IFR) - NorthStar Realty Finance is marketing its first so-called commercial real estate (CRE) collateralized loan obligation (CLO) of 2013, but many investors insist on calling the structure what they believe it really is: a CDO. "This is a CDO, really," said one securitized-product investor from a fairly conservative asset manager. "We will take a look at it but we would not buy it here. " The US commercial mortgage-backed...

By Natalie Wright NEW YORK (Reuters) - Managers of Collateralized Loan Obligation (CLO) funds and bank loan mutual fund investors are worried that higher U.S. Libor rates will see smaller CLO equity payouts that will reduce managers income and will also pull secondary loan pricing lower. Libor rates, which are expected to rise along with U.S. interest rates, are primarily a problem for CLO managers. CLOs raise funding on a floating-rate basis, but their loan interest income is...

* EBA's risk retention rules among challenges * Goldman, Cantor appoint, others tipped to hire * European CLO issuance at EUR2.4bn, seen hitting EUR5bn * Health of loan market key concern for LBO prospects By Owen Sanderson and Josie Cox LONDON, June 20 (IFR) - Banks are on a hiring spree in anticipation of a comeback in European collateralised loan obligations, but some participants warn that the market is getting ahead of itself. CLOs still face...

By Adam Tempkin NEW YORK, Aug 14 (IFR) - NorthStar Realty Finance is marketing its first so-called commercial real estate (CRE) collateralized loan obligation (CLO) of 2013, but many investors insist on calling the structure what they believe it really is: a CDO. "This is a CDO, really," said one securitized-product investor from a fairly conservative asset manager. "We will take a look at it but we would not buy it here. " The US commercial mortgage-backed...

* EBA's risk retention rules among challenges * Goldman, Cantor appoint, others tipped to hire * European CLO issuance at EUR2.4bn, seen hitting EUR5bn * Health of loan market key concern for LBO prospects By Owen Sanderson and Josie Cox LONDON, June 20 (IFR) - Banks are on a hiring spree in anticipation of a comeback in European collateralised loan obligations, but some participants warn that the market is getting ahead of itself. CLOs still face...

By Natalie Wright NEW YORK (Reuters) - Managers of Collateralized Loan Obligation (CLO) funds and bank loan mutual fund investors are worried that higher U.S. Libor rates will see smaller CLO equity payouts that will reduce managers income and will also pull secondary loan pricing lower. Libor rates, which are expected to rise along with U.S. interest rates, are primarily a problem for CLO managers. CLOs raise funding on a floating-rate basis, but their loan interest income is...

By the time Chicago billionaire Sam Zell appeared on the scene in 2007 with his proposal to take Tribune Co. private, the red-hot market for corporate loans was primed and ready to accept him. Bankers eager for profits were funding leveraged buyouts at a rapid pace, and as the boom cycle advanced, lending standards loosened. As strange as it may seem, however, a substantial portion of the new money flowing into the market for high-risk buyouts was coming from some of the financial...

By the time Chicago billionaire Sam Zell appeared on the scene in 2007 with his proposal to take Tribune Co. private, the red-hot market for corporate loans was primed and ready to accept him. Bankers eager for profits were funding leveraged buyouts at a rapid pace, and as the boom cycle advanced, lending standards loosened. As strange as it may seem, however, a substantial portion of the new money flowing into the market for high-risk buyouts was coming from some of the financial...

By Owen Sanderson LONDON, Sept 28 (IFR) - Credit Suisse is finally close to issuing a long-awaited new European leveraged loan CLO, according to CLO market participants. The manager is set to be Cairn Capital, but CLO specialists are questioning who would come in for the equity tranches. One market veteran suggested a fund with links to Cairn was putting up the cash, but this approach could run into issues surrounding fund managers' fiduciary duties. However, if...

Here's a bit of apparel trivia to contemplate on a sweltering summer day: Engineers measure the insulating value of the clothing we wear with a unit called a clo. Zero clo is naked. One clo is about a typical business suit. The dilemma for many of us this time of year is that we head to work feeling .09 (the clo for skivvies) might be overdoing it when we're outside, but then we spend hours shivering in an office meat locker that some equate to a three-dog night in the dog days of summer.

Betty Clo Tuttle, 90, passed away Wednesday, May 17, 2006 in Providence, RI. She was born in Chicago on May 2, 1916 to Harry H. Farrell and Mary Fletcher Farrell. She was a graduate of the University of Chicago. She was the wife of the late Harry E. Clo and Philip J. Tuttle. Mrs. Tuttle had also lived in Kenilworth, IL for many years before moving to Providence, RI in 1995. She is survived by her son, Robert D. Clo of Toledo, OH; daughters, Carol Clo Sanderson (Ted) of Providence and Kathy Clo Sobel (Steve)

Betty Clo Tuttle, 90, passed away Wednesday, May 17, 2006 in Providence, RI. She was born in Chicago on May 2, 1916 to Harry H. Farrell and Mary Fletcher Farrell. She was a graduate of the University of Chicago. She was the wife of the late Harry E. Clo and Philip J. Tuttle. Mrs. Tuttle had also lived in Kenilworth, IL for many years before moving to Providence, RI in 1995. She is survived by her son, Robert D. Clo of Toledo, OH; daughters, Carol Clo Sanderson (Ted) of Providence and Kathy Clo Sobel (Steve)

By Owen Sanderson LONDON, Sept 28 (IFR) - Credit Suisse is finally close to issuing a long-awaited new European leveraged loan CLO, according to CLO market participants. The manager is set to be Cairn Capital, but CLO specialists are questioning who would come in for the equity tranches. One market veteran suggested a fund with links to Cairn was putting up the cash, but this approach could run into issues surrounding fund managers' fiduciary duties. However, if...

Here's a bit of apparel trivia to contemplate on a sweltering summer day: Engineers measure the insulating value of the clothing we wear with a unit called a clo. Zero clo is naked. One clo is about a typical business suit. The dilemma for many of us this time of year is that we head to work feeling .09 (the clo for skivvies) might be overdoing it when we're outside, but then we spend hours shivering in an office meat locker that some equate to a three-dog night in the dog days of summer.

It would have to wait until Horace Grant's celebratory jig, the one he only pulls out at the really big moments, the one he saved for the victory dance Friday night. And then the familiar announcement came. It's the one that goes . . . "Your tickets for the NBA Finals are designated H for Game 1 . . . " Then bedlam. Familiarity evidently does not breed any sort of coolness. The Bulls danced and the Stadium crowd sang and the scoreboard flashed the final margin, 96-88 over the New York...

It would have to wait until Horace Grant's celebratory jig, the one he only pulls out at the really big moments, the one he saved for the victory dance Friday night. And then the familiar announcement came. It's the one that goes . . . "Your tickets for the NBA Finals are designated H for Game 1 . . . " Then bedlam. Familiarity evidently does not breed any sort of coolness. The Bulls danced and the Stadium crowd sang and the scoreboard flashed the final margin, 96-88 over the New York...